Question: It is easy to apply for Bridging Finance?
Answer: Yes, it is easy to apply for bridging finance providing that you meet all the basic requirements asked for.
Question: Does one apply for Bridging finance through the bank or a through a private company?
Answer: Bridging finance is often done through private companies who offer this as their primary business solution.
Question: If a company is a new start up business, will this company be able to apply for bridging finance.
Answer: If a company is a start up a business the only way, they will be able to secure bridging finance is if they have a confirmed project that is viable to secure funds.
Question: what is the meaning of Bridging finance?
Answer: Bridge financing, is often in the form of a loan, it is an intermediate financing option which is commonly used by companies to solidify their short-term standings or position until a long-term financing option is arranged. This financing option is mostly used to fulfil the short-term working capital that a company requires.
Question: What can Bridging finance be used for?
Answer: Depending on the industry that the company is in, bridging finance can be used for a variety of different things, Example can be used to purchase stock and parts or to refurbish property.
Question: What is the maximum amount one can apply for.
Answer : For a short term finance is the maximum amount one can apply for is R 2 500 000.